Vietnam needs over US$332mn for roads in 2014, says national funding body

The National Road Maintenance Fund of Vietnam requires over US$332 million (VND 7 trillion) to upgrade and fix roads in 2014, according to Le Hoang Minh, chief of the Fund’s Central Council. Of the total, almost $255.1 million (VND 5.4 trillion) will be used to upgrade and manage national highways, while the remainder will be allotted to cities and provinces to upgrade and maintain roads. Vehicle registrations are foreseen to contribute $217.31 million (VND 4.6 trillion) to the total amount required, with t
April 17, 2014 Read time: 1 min
A busy road in Vietnam’s Ho Chi Minh City – pic courtesy of Sophie Williams
The National Road Maintenance Fund of Vietnam requires over US$332 million (VND 7 trillion) to upgrade and fix roads in 2014, according to Le Hoang Minh, chief of the Fund’s Central Council. Of the total, almost $255.1 million (VND 5.4 trillion) will be used to upgrade and manage national highways, while the remainder will be allotted to cities and provinces to upgrade and maintain roads. Vehicle registrations are foreseen to contribute $217.31 million (VND 4.6 trillion) to the total amount required, with the government providing the remainder.
Road Structures

Related Content

  • Challenges and investment opportunities in East Africa transport infrastructure Sector
    November 21, 2014
    East Africa offers considerable potential for transport infrastructure expansion and investment - Shem Oirere reports Infrastructure, infrastructure and more infrastructure is what is needed to make East Africa the favoured destination and Kenya, Tanzania, Uganda and Rwanda have unveiled grand plans to enhance the infrastructure both nationally and regionally.” This is how market analyst Deloitte introduced its 2014/15 budget analysis for the four countries in July.
    Read More
  • Vietnam discusses highway projects with World Bank
    February 29, 2012
    Vietnam's Ministry of Transport has given its approval for the six-lane Thanh Hoa-Ninh Binh highway project, which will follow the PPP model.
    Read More
  • Bridge safety should become a key US concern
    May 14, 2018
    Bridge safety is a key concern in the US, where so many structures are deficient - *Mary Scott Nabers. There are more than 54,000 structurally deficient bridges in the US. That designation does not mean the bridges are in imminent danger of collapsing, but it does mean that they need immediate attention. That fact becomes more alarming when one realises that every day more than 174 million motorists drive over the nation’s structurally deficient bridges. And, there are no plans for repairing the majority of
    Read More
  • The drive for US road funding: will corporate America get a seat?
    September 13, 2017
    Trumponomics aims to use public money for pump-priming an even greater amount of cash from the private sector to improve America’s crumbling roads. But is political will matching corporate America’s enthusiasm for more private investment, asks David Arminas If there were ever a test case for comparing public-private partnerships and design-build contracts, the recently completed Ohio River Bridges Project is it (see previous article).
    Read More

Highlighted Content